Business & Economy

May 30, 2024 6:13 PM

NHAI seeks investment in UAE for infrastructure monetization

By: Vinod Kumar The National Highways Authority of India (NHAI) has launched an initiative to monetize its infrastructure, seeking investments from the UAE to sustain and enhance India’s expanding national highway network. NHAI’s delegation, led by Chairman Santosh Kumar Yadav and NHIT MD Sure...

October 25, 2024 4:52 PM

Delhi swelters in record heat for second day

Record heat seared parts of the national capital for a second consecutive day on Wednesday, reaching a temperature of 52.3 degrees Celsius (126.14 degrees Fahrenheit), as an unprecedented heat wave continued to parch some northwestern regions. The unusually high summer temperatures have brought "he...

May 28, 2024 10:40 PM

Global equity index dips while yields fall; investors await inflation prints

A global equities index fell slightly on Tuesday while Treasury yields rose as investors awaited inflation data due later in the week for potential clues about the outlook for U.S. interest rates. U.S. Treasury yields turned positive after the latest crop of U.S. economic data. U.S. consumer confid...

May 28, 2024 7:38 PM

Fitch Downgrades Bangladesh to ‘B+’; Outlook Stable

Fitch Ratings has downgraded Bangladesh's Long-Term Foreign-Currency Issuer Default Rating on Monday to 'B+' from 'BB-' owing to weakening of Bangladesh's external buffers. The country's forex reserves are down substantially due to continued forex interventions, capital outflows and persistent use o...